Abstract
It is fair to assert that the stochastic method dominates the analysis of business and economic relationships in academia and practice. By “stochastic method” we mean a view of the world that evolved from the classical linear model (CLM), in which it is assumed that the variable(s) of interest is (are) generated by some type of “random process.”
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2004 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Tryfos, P. (2004). Introduction. In: The Measurement of Economic Relationships. Advanced Studies in Theoretical and Applied Econometrics, vol 41. Springer, Boston, MA. https://doi.org/10.1007/978-1-4020-2839-7_1
Download citation
DOI: https://doi.org/10.1007/978-1-4020-2839-7_1
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5255-4
Online ISBN: 978-1-4020-2839-7
eBook Packages: Springer Book Archive